IDB Includes Multibank Panama in TFFP Program

Multibank has become the third bank to join the Panamanian Facilitation of Foreign Trade Financing Program (TFFP).

Monday, April 20, 2009

Through TFFP, the IDB offers guarantees to cover letters of credit, promissory notes, bid bonds, performance bonds, advance payment bonds and other instruments used in International Trade transactions.

In joining the TFFP, Multibank further expands its role in supporting businesses in the area outside Panama and in other countries in Latin America and the Caribbean.

Launched in 2005, the TFFP is an effective tool for the IDB to support economic reactivation and growth in Latin America and the Caribbean through the expansion of financing available for foreign trade activities in the region

More on this topic

Capital for China trade - Latin America and the Caribbean

November 2012

The Inter-American Development Bank will provide $153 million to a new capital investment platform for Latin America and the Caribbean, in partnership with the Export-Import Bank of China.

A statement from the Inter-American Development Bank (IDB) reads:

IDB approves $153 million in loans to establish an IDB and China Eximbank capital investment platform

Trade and Integration in Latin America and the Caribbean

November 2012

A new annual publication from the Inter-American Development Bank analyzes business trends in Latin America and the Caribbean.

A statement from the Inter-American Development Bank (IDB) reads:

The report presents an analysis of trade and integration resulting from recent developments in Latin America and the Caribbean (LAC).

Banco Internacional Joins IDB Lending Program

December 2010

Banco Internacional de Guatemala joined the Trade Finance Facilitation Program (TFFP) of the Inter-American Development Bank.

Through this program, the IDB provides guarantees and loans to cover the various types of guarantees required by international trade transactions.

IDB Loans $70 Million to Banco G&T Continental

January 2010

The loan to the Guatemalan bank aims to finance import and export operations.

Within the Trade Finance Facilitation Program (TFFP), the Inter-American Development Bank (IDB) granted Guatemalan Bank G&T Continental $70 million.

Flavio Montenegro, G&T CEO, remarked: "This transaction strengthens our trade operations and supports the economy of Guatemala, as it increases the funding available for our nation's industries".

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